New Mountain Finance Corporation 8.250% Notes due 2028 Price & Performance (NMFCZ)

New Mountain Finance Co. experienced a dramatic 143.8% increase in short interest for its 8.250% Notes due 2028 as of mid-February. Short interest now totals 7,800 shares, up significantly from 3,200 shares in late January. With an average daily trading volume of 7,200 shares, the days-to-cover ratio is 1.1 days.1

New Mountain Finance Co. recently reduced its quarterly dividend for its 8.250% Notes due 2028. Stockholders received a $0.5156 dividend on February 18, representing an annualized yield of 8.12%. This adjustment follows the company’s ongoing evaluation of its financial strategies to align with market conditions.1

The 8.250% Notes due 2028 from New Mountain Finance Co. have seen fluctuating prices, with a 52-week range between $24.95 and $26.20. Recently trading at $25.39, the notes exhibit stability around their moving averages, reflecting consistent investor interest despite broader market volatility.1